Borrower requested a $150,000 loan to complete a new construction project in Port Charlotte, FL. The property will feature 3 beds and 2 baths at 1,593 sq/ft with a two-car garage of 430 sq ft. The borrower plans to sell the property upon completion as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025